PBF Energy's Q3 Refinery Output Below 3Q24, Margin Up

PBF Energy's Q3 Refinery Output Below 3Q24, Margin Up


   PBF Energy's Q3 Refinery Output Below 3Q24, Margin Up

   
Maria Eugenia Garcia
DTN Managing Editor

   HOUSTON TX  (DTN) -- PBF Energy reported third quarter refinery production 
at 876,200, down from 945.4 bpd reported in the same quarter of last year. 
Gross refining margin in the third quarter was $9 bbl, up from $6.79 bbl 
reported in the same period of 2024.

   Broken down by region in the current quarter, company eyes throughput at its 
East Coast refineries at 320,000 to 340,000 bpd; 140,000 to 150,000 bpd in the 
Midcontinent; 170,000 to 180,000 bpd at its Gulf Coast facilities, and 230,000 
to 240,000 bpd along the West Coast.

   PBF expects third quarter total refinery throughput to be in the 860,000 to 
910,000 bpd range in the third quarter, with full year refining system 
throughput seen in the 915,000 to 975,00 bpd range.

   Additionally, PBF reported its St. Bernard Renewables joint venture with Eni 
Sustainable Mobility averaged nearly 15,400 bpd of renewable diesel production 
in the third quarter. Renewable diesel production for the fourth quarter is 
expected to average approximately 16,000 to 18,000 barrels per day.




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